  Gagik Minasyan: Armenian government takes action to reduce inflationDecember 28, 2010 - 16:15 AMT PanARMENIAN.Net - High rate of inflation (over 8% in January-November) reported in 2010 is a significant challenge to Armenian authorities, according to the chairman of the standing parliamentary committee for financial, credit and budgetary affairs Gagik Minasyan. As he told a December 28 news conference in Yerevan, the situation is explained by unfavorable weather conditions leading to a slump in agriculture. “Besides, the increase of world prices for grain crops could not but influence Armenia, with bakery products occupying a significant share in Armenian citizens’ basket of goods. Armenian government is taking action to reduce the country’s dependence on grain cultures. A concept of seed farming development was worked out, allowing to provide for needs of the internal market,” Minasyan stated.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Ucom General Director joins High-Tech Development Panel Discussion  The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem."Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan.Family of Ilham Aliyev’s security chief owns vast property in UK As head of security for Azerbaijan’s president, Eyyubov is closely trusted by one of the world’s most authoritarian leaders.Armenian army holding strategic command, staff drills Live firing will be carried out using automatic control systems and modern equipment. |
